I mean, aren't all of those "bad loans" backed by Principal Mortgage Insurance (PMI), the kind of stuff that insurance companies and banks are in bed together with in every loan that isn't at least 20% funded by the Mortgagee? Shouldn't the Insurance Companies step up and PAY OUT? Insurance seems to be the SILENT PARTNER here...
I know I had to pay that [deleted] (stuff) until I could get sufficient equity to borrow against and get rid of it ($150.00 a month pissed away for NOTHING). Where's that money now?
We could afford to loose the Hartford Open, Mutual of Omaha's Wild Kingdom, GEICO's Gecko, The Good (Shaft) Hands People, All (Shaft) State, State Farm (another name for Prison), Prudential, and of course AIG. Don't let the door hit you in the [deleted] (butt) on your way out.
But wait, who is running this country anyway? Bush? I think not. He is the target now but not responsible for this mess. Who is in the background pulling the strings? The Congress? I think not. They have a "constituency" to contend with and it does not include you and me.
When the Dems tell Obama what to vote, he goes in, like the puppet that he is, and votes AS HE IS TOLD. Someone is pulling his string. Who is that?
So, who are those guys that are the string pullers? The movers of the Market? The ones who stand to loose their Tens and Hundreds of Millions of dollar end of year bonuses?...Boo Hoo!
If the loans are covered by PMI then Insurance Companies, the scourage of the [businessman, doctor, engineer, professional, fill in the blank ______ ], should take it in the shorts. After all, the Insurance Company is the Silent Partner in everything that siphons off profits against "what if". Well, "what if" is now and it is time for the Insurance Company pay out and just like every time before, pay your Premium on time or get CANCELED but when it is time for Insurance to pay back you need an ACT OF CONGRESS to get anything out of them.
Oh. There's a connection. The backers of Congress ARE the Insurance Companies.
